GVT looks bullish, but BTC still down
My current assumption for GGVT is,
In the D chart GVTBTC has a nice hidden bullish divergence and in the 4h chart a bearish cross between EMA and Kijun Sen. Looking at the 4h you can see that RSI is oversold, last time the RSI was this oversold was in December. The Kijun shows that price currently hit a strong resistance level, there might be an opportunity for bounce plays.
But all of this doesn't matter that much since king BTC is in a downtrend & disarray, so GVT may fall further. In case that BTC bounces back, GVT may be one of the bigger gainers in that short period.
In the D chart GVTBTC has a nice hidden bullish divergence and in the 4h chart a bearish cross between EMA and Kijun Sen. Looking at the 4h you can see that RSI is oversold, last time the RSI was this oversold was in December. The Kijun shows that price currently hit a strong resistance level, there might be an opportunity for bounce plays.
But all of this doesn't matter that much since king BTC is in a downtrend & disarray, so GVT may fall further. In case that BTC bounces back, GVT may be one of the bigger gainers in that short period.
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